search query: @journal_id 50 / total: 1038
reference: 44 / 1038
| Author: | Wells, J. T. |
| Title: | Billing Schemes, Part 2: Pass Throughs |
| Journal: | Journal of Accountancy
2002 : AUG, VOL. 194:2, p. 72-78 |
| Index terms: | ACCOUNTING FINANCE ANALYTICAL REVIEW COMPANIES |
| Language: | eng |
| Abstract: | The author states that Ben, a recent accounting graduate, was on his first real auditing assignment at a West Virginia manufacturer of prepackaged cement. Because Ben was a rookie, his supervisors naturally assigned him tasks they didn't want to perform. That explains why he was standing atop one of the company's seven huge cement silos on the morning of December 31, his teeth chattering in the cold wind as he observed employees taking inventory. This is the second article in a four-part series on identifying false invoices and their issuers. July's and August's columns focus on billing schemes involving shell companies criminals set up to facilitate fraud. Articles in the September and October issues will explain how to detect and prevent two scams that employ other, completely different phony-bill strategies. |
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